American carmaker General Motors will close its India operations by the end of this year. The reasons: mounting losses, near negligible sales and poor business management. Here’s a synopsis of what went wrong.

Audi produces 1,400 A4 and A5 models per day at the plant, its largest, so it will lose 5,600 vehicles this week. A fire at a supplier making front wall cladding had disrupted parts deliveries, a spokeswoman said on Monday.

The decision comes after its major air-conditioners Subros Limited’s Manesar plant was gutted in massive fire on Sunday. The auto-component maker used to supply 60 percent MSIL’s total air-conditioner consumption.

In fact, segment leaders like Maruti Suzuki, Tata Motors and Hero MotoCorp have reported de-growth of 34.3 per cent, 45 per cent and 20 per cent, respectively giving a clear indication of a prolonged slowdown in the sector.